Key Financial Results (Standalone)

Income Statement (₹ lakh)

  • Total Revenue from Operations: ₹7,686.19 (Q1 FY27) vs ₹4,801.71 (Q1 FY26) - 60% increase
  • Interest Income: ₹7,644.06 vs ₹4,743.42 YoY - 61% growth
  • Rental Income: ₹4.34 vs ₹6.29 YoY
  • Net gain on fair value changes: ₹1.06 vs ₹0.68 YoY
  • Net gain on sale of investments: ₹3.07 vs ₹26.05 YoY
  • Other Operating Revenue: ₹33.66 vs ₹25.27 YoY
  • Other Income: ₹27.83 vs ₹11.98 YoY
  • Total Income: ₹7,714.02 vs ₹4,813.69 YoY - 60% increase

Expenses (₹ lakh)

  • Finance Costs: ₹4,127.87 vs ₹2,542.97 YoY - 62% increase
  • Impairment on financial instruments: ₹288.84 vs ₹107.62 YoY - 168% increase
  • Employee benefits expenses: ₹578.32 vs ₹637.24 YoY - 9% decrease
  • Depreciation and amortization: ₹60.59 vs ₹50.31 YoY
  • Other expenses: ₹776.85 vs ₹925.07 YoY - 16% decrease
  • Total Expenses: ₹5,832.47 vs ₹4,263.21 YoY - 37% increase

Profitability (₹ lakh)

  • Profit before tax: ₹1,881.55 vs ₹550.48 YoY - 242% increase
  • Tax Expense: ₹480.43 (Current: ₹488.43, Deferred: ₹(8.00))
  • Profit for the period: ₹1,401.12 vs ₹410.99 YoY - 241% increase
  • Total Comprehensive Income: ₹1,097.51 vs ₹412.74 YoY

Per Share Data (₹)

  • Basic EPS: ₹0.71 vs ₹0.25 YoY
  • Diluted EPS: ₹0.70 vs ₹0.25 YoY
  • Paid-up Equity Share Capital: ₹1,981.62 lakh

Key Financial Results (Consolidated)

Income Statement (₹ lakh)

  • Total Revenue from Operations: ₹7,686.19 (Q1 FY27) vs ₹4,892.66 (Q1 FY26)
  • Total Income: ₹7,714.02 vs ₹4,904.64 YoY
  • Total Expenses: ₹5,832.47 vs ₹4,482.36 YoY
  • Profit before tax: ₹1,881.55 vs ₹422.28 YoY
  • Profit for the period: ₹1,401.12 vs ₹314.46 YoY
  • Profit attributable to Owners: ₹1,401.12 vs ₹348.25 YoY

Per Share Data (₹)

  • Basic EPS: ₹0.71 vs ₹0.19 YoY
  • Diluted EPS: ₹0.70 vs ₹0.19 YoY

Key Financial Metrics and Ratios

Standalone Metrics

  • Debt-Equity Ratio: 2.65 times (Jun-26) vs 2.46 times (Jun-25)
  • Net Worth: ₹58,524.95 lakh (Jun-26) vs ₹31,323.95 lakh (Jun-25)
  • Total Debts to Total Assets: 0.71 (Jun-26) vs 0.68 (Jun-25)
  • Net Profit Margin: 18.16% (Jun-26) vs 8.54% (Jun-25)

Sector Specific Ratios (Standalone)

  • Capital Adequacy Ratio: 30.55% (Jun-26) vs 31.57% (Jun-25)
  • Gross NPA Ratio: 1.91% (Jun-26) vs 2.37% (Jun-25)
  • Net NPA Ratio: 1.63% (Jun-26) vs 2.02% (Jun-25)
  • NPA Provision Coverage Ratio: 15.04% (Jun-26) vs 15.08% (Jun-25)

Consolidated Metrics

  • Debt-Equity Ratio: 2.65 times (Jun-26) vs 2.51 times (Jun-25)
  • Net Worth: ₹58,524.39 lakh (Jun-26) vs ₹31,126.32 lakh (Jun-25)
  • Net Profit Margin: 18.16% (Jun-26) vs 6.41% (Jun-25)

Security Cover and NCD Details

Secured Non-Convertible Debentures

  • Total Secured NCDs: ₹50,900.00 lakh issued
  • Outstanding Balance: ₹48,713.63 lakh (including accrued interest of ₹313.63 lakh) as of June 30, 2026
  • Security Cover: 1-1.15 times maintained as per debenture trust deeds
  • Security Type: Exclusive charge on specific assets with 100-115% security cover

NCD Issuances During Quarter

  • INE08KJ07191: ₹100 crore raised on June 9, 2026 - 11.00% p.a., secured, private placement
  • INE08KJ07209: ₹19 crore raised on June 15, 2026 - 11.70% p.a., secured, private placement
  • Funds Utilization: No deviation reported; funds raised for onward lending purposes

Board and Audit Committee Approval

  • Meeting Date: August 11, 2026 (3:30 p.m. to 4:15 p.m.)
  • Approvals: Unaudited financial results for quarter ended June 30, 2026
  • Review: Statutory auditors conducted limited review of financial results

Subsidiary Information

  • Mufin Green Leasing Private Limited: Included in consolidation
  • Mufin Green Infra Limited: Ceased to be subsidiary from December 25, 2025

Additional Information

  • Business: Financing and Investing activities entirely within India
  • Segments: No reportable segments as per Ind AS 108
  • Auditors: Gaur & Associates (FRN: 005354C)
  • Signatories: Kapil Garg (Managing Director), Mayank Pratap Singh (Company Secretary)